Toast (NYSE:TOST) PT Raised to $30.00 at Robert W. Baird

Toast (NYSE:TOST) had its price objective boosted by research analysts at Robert W. Baird from $28.00 to $30.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 4.42% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Wedbush raised shares of Toast to a “strong-buy” rating in a research report on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of Toast in a research report on Wednesday, August 7th. Bank of America boosted their price objective on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $21.00 to $33.00 in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.67.

Toast Stock Up 2.1 %

Shares of NYSE TOST opened at $28.73 on Monday. Toast has a twelve month low of $13.77 and a twelve month high of $29.92. The firm has a market cap of $13.01 billion, a P/E ratio of -57.46 and a beta of 1.76. The company has a 50 day moving average of $25.79 and a 200 day moving average of $25.02.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business earned ($0.19) EPS. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. As a group, equities analysts expect that Toast will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Toast news, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the sale, the president now owns 2,638,023 shares in the company, valued at $62,178,202.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Toast news, President Stephen Fredette sold 211,686 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the sale, the president now owns 2,638,023 shares in the company, valued at $62,178,202.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aman Narang sold 1,856 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $24.00, for a total transaction of $44,544.00. Following the completion of the sale, the chief executive officer now owns 1,132,708 shares in the company, valued at approximately $27,184,992. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 840,562 shares of company stock valued at $21,982,459. Company insiders own 13.32% of the company’s stock.

Institutional Trading of Toast

Several hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Toast by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,968 shares of the company’s stock valued at $927,000 after buying an additional 421 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Toast by 1.0% during the 1st quarter. Park Avenue Securities LLC now owns 43,357 shares of the company’s stock valued at $1,080,000 after buying an additional 436 shares in the last quarter. Wellington Shields & Co. LLC raised its position in shares of Toast by 3.1% during the 1st quarter. Wellington Shields & Co. LLC now owns 16,700 shares of the company’s stock valued at $416,000 after buying an additional 500 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Toast by 8.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,742 shares of the company’s stock valued at $174,000 after buying an additional 520 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Toast by 10.9% during the 1st quarter. Comerica Bank now owns 6,167 shares of the company’s stock valued at $154,000 after buying an additional 607 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.